Hub On Canal Inc
- Assets
- $1.2m
- Revenue
- $493.3k
- Investments
- $0.0
- Employees
- 16
- Location
- New Smyrna Beach, FL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3819054
Organization Overview
Hub On Canal Inc is located in New Smyrna Beach, FL. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hub On Canal Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hub On Canal Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hub On Canal Inc generated $493.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $434.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARTS EDUCATION AND ARTS AWARENESS TO THE PUBLIC. SUPPPORT TO LOCAL ARTISTS.
Describe the Organization's Program Activity:
LOCAL EMERGING ARTISTS ARE SELECTED TO EXHIBIT AND SELL THEIR ART. THE HUB CHARGES A LICENSE/RENTAL FEE FOR WALL SPACE AND WORKING STUDIOS FOR ARTISTS AND COLLECTS A COMMISSION ON THE SALE OF CONSIGNMENT ITEMS. THE EXPENSE CONSISTS OF DIRECT MARKETINGCOSTS 5060, INDIRECT OCCUPANCY EXPENSE 10,000, INDIRECT OFFICE EXPENSE 7,000, INDIRECT ADVERTISING 5,000 AND INDIRECT PAYROLL ESTIMATE AT 36,000.
WORKSHOPS AND CLASSES IN ART RELATED GENRES TO THE COMMUNITY, INCLUDING THE PUBLIC AT LARGE, CHILDREN, VETERANS, SENIORS AND OTHER AT RISK POPULATION. EXPENSES ARE FOR CONTRACT INSTRUCTORS, MATERIALS, AND INDIRECT EXPENSE I.E., ALLOCATION OF PAYROLL, OCCUPANCY, OFFICE EXPENSE AND ADVERTISING,MISC.
COMMUNITY OUTREACH EVENTS RELATED TO THE ARTS AND LOCAL COMMUNITY INVOLVEMENT.DIRECT EXPENSE INCLUDES ADVERTISING AND PERFORMERS 6,100. DINRIECT EXPENSES FOR PAYROLL, OCCUPANCY, OFFICE SUPPLIES AND ADVERTISING TOTAL 37,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miranda Price Key Employee | Officer | 40 | $36,266 |
Sally Mackay Secretary | OfficerTrustee | 5 | $0 |
Susan Stern VP | OfficerTrustee | 5 | $0 |
Richard England President/director | OfficerTrustee | 60 | $0 |
Susan Ellis Treasurer/director | OfficerTrustee | 5 | $0 |
Frank Ferrante Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,380 |
| Fundraising events | $20,679 |
| Related organizations | $0 |
| Government grants | $75,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,137 |
| Total Program Service Revenue | $207,760 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,392 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,229 |
| Compensation of current officers, directors, key employees. | $12,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,176 |
| Office expenses | $35,266 |
| Information technology | $4,298 |
| Royalties | $0 |
| Occupancy | $64,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,705 |
| Insurance | $0 |
| All other expenses | $23,112 |
| Total functional expenses | $434,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,494 |
| Net Land, buildings, and equipment | $938,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,918 |
| Total assets | $1,198,178 |
| Accounts payable and accrued expenses | $10,781 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $806,118 |
| Secured mortgages and notes payable | $10,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,368 |
| Total liabilities | $845,267 |
| Net assets without donor restrictions | $352,911 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,198,178 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hub On Canal Inc has recieved totaling $23,060.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $20,178 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,777 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Central Florida Community Arts Inc Orlando, FL | $1,775,519 | $1,587,078 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
St Petersburg Warehouse Arts District Inc Saint Petersburg, FL | $4,246,537 | $1,210,830 |
El Espacio 23 Inc Miami, FL | $6,319,448 | $659,257 |
Gadsden Arts Inc Quincy, FL | $3,309,221 | $583,615 |
Repurpose Project Gainesville, FL | $1,065,562 | $834,868 |
Artfest Fort Myers Inc Fort Myers, FL | $264,384 | $469,990 |
Handweavers Guild Of America Inc Atlanta, GA | $1,090,447 | $477,241 |
Hub On Canal Inc New Smyrna Beach, FL | $1,198,178 | $493,305 |
Cisneros Fontanals Foundation For The Arts Miami, FL | $7,132 | $430,753 |